{"id":382575,"date":"2021-12-17T23:05:00","date_gmt":"2021-12-17T20:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022\/"},"modified":"2021-12-17T23:05:00","modified_gmt":"2021-12-17T20:05:00","slug":"altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022\/","title":{"rendered":"# Altcoin Roundup: Three smart contract platforms that could see deeper adoption in 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bef2d325b1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bef2d325b1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022\/#Algorand\" >Algorand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022\/#Tezos\" >Tezos<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022\/#Elrond\" >Elrond<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022\/#Want_more_information_about_trading_and_investing_in_crypto_markets\" >Want more information about trading and investing in crypto markets?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Altcoin Roundup: Three smart contract platforms that could see deeper adoption in 2022 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Decentralized finance (DeFi) dominated <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> headlines throughout 2021 and the sector, along with nonfungible tokens (NFTs), helped to initiate the mass adoption of cryptocurrencies. <\/p>\n<p>While high yields on staking and instant profits from flipping jpegs have proven to be very lucrative for investors, it\u2019s important to remember that none of it would have been possible without the underlying capabilities of smart contract <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.\u00a0<\/p>\n<p>The Ethereum network remains, hands-down, the most widely used layer-one smart contract platform in the crypto ecosystem, but everyone knows about the high fee and clogged network issues of the past few years.<\/p>\n<p>In 2021, competing networks like Avalanche and Binance Smart Chain enabled compatibility with the Ethereum Virtual Machine (EVM) and this produced positive outcomes for investors in both ecosystems. <\/p>\n<p>Let\u2019s take a look at a few of the top-performing layer-one protocols in Q4 2021 and investigate how partnerships, investment from traditional finance and protocol developments might benefit each project in 2022.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Algorand\"><\/span>Algorand<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Algorand (ALGO) is a pure proof-of-stake (PoS) layer-one blockchain network designed to be self-sustaining and highly scalable, thus making it capable of handling heavy transaction loads for minimal costs. <\/p>\n<p>In Q4, the protocol launched the Algorand Virtual Machine which enabled decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications (DApps), meaning DeFi and NFT projects could now operate on the network. <\/p>\n<p>Tether (USDT) and USD Coin (USDC) had previously launched on the network, so their integration into new DeFi platforms was relatively effortless, allowing for the quick build up of liquidity. The launch of the 150 million ALGO Viridis Fund by the Algorand Foundation was also designed to accelerate the development of the DeFi ecosystem on the network.<\/p>\n<p>The project also attracted the attention of institutional investors, and a sizable cash infusion came from Borderless Capital who launched a $500 million fund to help develop DApps on Algorand. Hivemind Capital Partners also selected the protocol as its first technology partner. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are excited to announce the launch of our $500M Borderless ALGO Fund II!<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/EP0U6Ib8HV\">https:\/\/t.co\/EP0U6Ib8HV<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/okXf6GBFo8\">pic.twitter.com\/okXf6GBFo8<\/a><\/p>\n<p>\u2014 Borderless Capital (@borderless_cap) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/borderless_cap\/status\/1465757394831650827?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In October, Algorand launched governance features that enabled ALGO holders to have a say in the future development of the protocol. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/731ac86a-e730-4344-97bd-20a5b4562f08.png\"><figcaption style=\"text-align: center;\"><em>ALGO\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>On Nov. 18, 21Shares announced the launch of a physically-backed Algorand exchange-traded product which helped spark a rally in the price of ALGO to a yearly high at $2.99. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tezos\"><\/span>Tezos<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tezos (XTZ) is a flexible proof-of-stake blockchain designed to evolve over time without the need to undergo hard forks. In Q4, traditional finance entities like the Arab Bank Switzerland partnered with the protocol to launch staking, trading and custody services for the project\u2019s native XTZ token.<\/p>\n<p>On Dec. 7, the project made headlines after it expanded its NFT ecosystem by partnering with Ubisoft, a major gaming company. The Ubisoft Quartz platform uses Tezos blockchain, and the players of Ghost Recon: Breakpoint will be able to buy and trade <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>-specific NFTs in the marketplace.<\/p>\n<p>On Dec. 15, Rarible, a popular NFT marketplace, also announced the integration of the Tezos blockchain into its ecosystem. This means Rarible users can buy, sell and trade Tezos NFTs in an environment that is much cheaper than Rarible\u2019s Ether-based market. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tezos blockchain is now live on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/BplWYgszwb\">https:\/\/t.co\/BplWYgszwb<\/a> <\/p>\n<p>Here&#8217;s everything you need to know:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/opRwEeF1HB\">https:\/\/t.co\/opRwEeF1HB<\/a><\/p>\n<p>\u2014 Rarible (@rarible) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rarible\/status\/1471133219080884233?ref_src=twsrc%5Etfw\">December 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Part of the reason for the increased attention on the Tezos blockchain is the energy efficiency of the network in a world that is becoming increasingly focused on environmental sustainability. <\/p>\n<p>According to a recent carbon footprint report from PricewaterhouseCoopers Advisory SAS, the Tezos network saw a 70% increase in energy efficiency in 2021, with its annual energy consumption now estimated to be roughly the same as the carbon footprint of just 17 people.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/fea1fc98-ed81-4eff-8b31-4e85c5f692f1.png\"><figcaption style=\"text-align: center;\"><em>XTZ\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>At the time of writing, XTZ is trading at a price of $4.34 after hitting a yearly high of $9.17 on Oct. 3. This was just prior to the wider market downturn that has put pressure on prices across the crypto ecosystem as the market heads into the final weeks of 2021.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>\u2018I&#8217;m a huge believer in crypto technology,\u2019 says former US SEC chair<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elrond\"><\/span>Elrond<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elrond (EGLD) is a blockchain platform for distributed apps and enterprise-level businesses that has the goal of becoming the technology ecosystem for the \u201cnew internet.\u201d<\/p>\n<p>According to the project\u2019s website, the network utilizes sharding technology to enable the processing of 15,000 transactions per second (TPS) with an average transaction cost of $0.001.<\/p>\n<p>The late-year price rally seen in the protocol\u2019s native EGLD token came after the launch of a $1.29 billion liquidity incentive program by the Elrond-based Maiar decentralized exchange (DEX). <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/88b4b277-7801-4587-b04a-38c13e9b52fd.png\"><figcaption style=\"text-align: center;\"><em>EGLD\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Prior to the launch of the liquidity program, the price of EGLD was on the rise thanks to its increased use as a form of digital payment, including a partnership with the Romanian music festival Untold, which announced that tickets for its 2021 festival could be purchased using EGLD.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Want_more_information_about_trading_and_investing_in_crypto_markets\"><\/span>Want more information about trading and investing in crypto markets?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Here\u2019s why Algorand&#8217;s price just rallied to a new multi-year high<\/li>\n<li>3 reasons why Tezos (XTZ) price broke its downtrend with a 50% rally<\/li>\n<li>Swiss B2B bank InCore launches new tokenization tool using Tezos<\/li>\n<li>Three reasons why the price of Elrond (EGLD) is hitting new daily highs<\/li>\n<li>Rarible integrates with Tezos blockchain and launches own NFT collection<\/li>\n<\/ul>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/altcoin-roundup-three-smart-contract-platforms-that-could-see-deeper-adoption-in-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Altcoin Roundup: Three smart contract platforms that could see deeper adoption in 2022 &#8221; Decentralized finance (DeFi) dominated media headlines throughout 2021 and the sector, along with nonfungible tokens (NFTs), helped to initiate the mass adoption of cryptocurrencies. While high yields on staking and instant profits from flipping jpegs have proven to be very&#8230;<\/p>\n","protected":false},"author":1,"featured_media":382576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvMThjMzExOTYtYjNiZC00ZDFjLTk0MDMtMzY2MTcwZDY3MTZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75866,74867,74863,74868,74891,74939,95118,74889,75434,75037,74355,73785],"class_list":["post-382575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-algorand","tag-altcoin","tag-cryptocurrencies","tag-defi","tag-ethereum","tag-market-analysis","tag-nft","tag-payments","tag-smart-contracts","tag-tezos","tag-adoption","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=382575"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/382576"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=382575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=382575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=382575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}